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seetrader1
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Posts posted by seetrader1
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LOOK FOR THIS..."Once the dinar revalues this month"...
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"Personally I think Iraq is moving forwards and not backwards. They simply have too much to lose to undermine or ignore the directions given by the United Nations. I truly think Iraq is truly listening now and setting aside their differences and making a good faith attempt to take Iraq to the next level of becoming the next Economic Giant.
There is a lot of great and positive articles, too many to mention, nevertheless, things could change in a heartbeat and cause this to be delayed for quite some time. I personally do not think this will happen.
There are some large companies that have been promised future payments of a rate greater than the current rate and many of these projects have been put on hold. The word on the streets M Iraq is that the citizens feel that many great things are just around the corner and are hopeful to see it before the beginning of the Neon Year. Let's hope they are correct. I would love to see this over as well. It has been a long taxing road with many ups and downs. More downs than ups, but feel Iraq is finally on the right track. For us (United States citizens) we see and feel so differently and think more logical than a third world country.
The last topic I will try and cover is the revaluation and how it works in very simple terms.
This my understanding and I will explain it as it has been explained to me from many sources inside Iraq.
Here is one example, if an Iraqi citizen wants to purchase a car it has to be in United States Dollars (USD). So, why is that? Because the value of the current currency is worth
nothing. Now remember all of this is for the Iraqi citizen not a citizen outside Iraq.
Iraq Citizen Pre-RV:
Currently (now) if a citizen wants to purchase a car they will have to pay in the United States Dollar (USD) the full amount of the car. So I will try and explain to you how the Iraqi citizen will now pay.
Iraq Citizen Post-RVI
The CBI and all of the media has already instructed the Iraqi citizens that once the (three zeros are dropped) new currency, they are to take the large notes to any major bank and they will verify the notes and then exchange them for the new notes. To me that makes perfect procedure to eliminate the counterfeit notes.
Once the dinar revalues this month, the Iraqi citizen in country would be able to purchase a car using the new dinar instead of US Dollars, as is nosy the case. The dinar will have an increased value that can be used outside of the country to purchase goods and services.
As an example ONLY, suppose the new rate is $3.00 (or $3.46). It would only take $10,000 of the new dinar to purchase the same car that cost $30,000 in US Dollars. That will be the increased value of the new dinar. It will help the Iraqi people in country and also as they travel out of country.
Now we have outside of Iraq. Please remember, two totally different things and structure.
I hear so many comments of why would they announce that they are doing this with a date, so on a so forth. I am not sure what the percentage is if investors are that we, but iris a small percent of the overall picture.
So do you really think they care less if you all get rich and pay taxes on it? Not a fat chance in the south.
I will give you an example of outside the country after Iraq declares a new CBI rate, then all banks or agencies within the United States (us) will offer a cash in procedure.
One more thing to think about and you may comment, President Bush put in an executive order for the citizens of the United States to purchase and own the Iraqi Dinar. The very currency he had a part of taking it off the trade-able market, .id it was OK to own?
What I do not now is a spread, or points, or any other fees associated with this procedure. I am sure because it will be a one-time opportunity, they will scarf as much as possible. Will the IRS be involved, I have no doubt they will at some point in time.
Here is the deal, so what. You live here, you are free in your decision making, no pay what is owed. You make money on an investment you pay.
Howl will say this, I hope you all have a plan in place. Once your investment does come to fruition, then act responsible and protect this once in a lifetime opportunity.
I can pretty much assure you that this will never happen in your lifetime, your children's, or generations after that again.
Remember, according to our sources, the sanctions must be lifted to move forward.
Regardless of the outcome, we are on track and please haven safe and wonderful holiday."
Steve
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No worry, the face value of your big bills has to be respected, the process of taking off the 3 0's will be done in a couple of years (2014) in the mean time, lots of space for a revaluation......Even if they decide to drop the zero's before, that does not change the value of a 25K dinar bill ;)/> ;)/>
False.
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Stevei is telling his poor little sheeple that the following article is talking about an RV. He said..."NOW WE'RE COOKING!!!".
I'm rolling on the floor laughing at his ignorance.
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Authorized the Central Bank of Iraq province raised the price of the Iraqi dinar against the U.S. dollar.
The bank said in a statement to Kuwait News Agency "KUNA" that as part of the keenness and the pursuit of the Central Bank of Iraq in the development of his tools in the monetary policy and support the national economy stable market took the bank's board a number of decisions.
The decision came within authorized Iraqi Central Bank Governor the power to reduce the sale price of the U.S. dollar and currently amounting to 1179 dinars to the dollar to enhance the value of the Iraqi dinar and the requirements of the market.
The statement did not reveal the new proposed price of the dollar against the Iraqi dinar also did not specify a time limit for the implementation of the mechanism for lifting the price of the Iraqi dinar.
The decision came after a few weeks of the withdrawal by the Iraqi Central Bank Governor Sinan al-Shabibi and the prime BSA Abdul Basit Turki to serve as governor of the bank.
The price of Iraqi dinar has been stable since 2008 and so far at the exchange rate ranged between 1170 to 1200 Iraqi dinars per dollar.
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"Shabibi and Stability
The other day our little buddy Breitling made the comment that Shabibi's job is to raise the value of the dinar. I didn't recall ever hearing that, so I started researching the job description for a central bank head. Contrary to what Breitling said, I found numerous examples of Shabibi saying that he wanted stability with the exchange rate. Every time he has ever referred to an increase in the value of the dinar it was either in the context of deleting the zeros (which means redenomination - producing no increase in the purchasing power) or he was referring to the auctions where they were manipulating the supply of dinar to raise the street value to reflect the official value which has nothing to do with the value of IQD outside of Iraq. If anybody can provide a link for me to prove that Shabibi has ever stated that he intends to raise the official value of the dinar to incease the purchasing power I'd love to see it.
Consider the following:
Baghdad, Search House Ousama Alngivi with Central Bank Governor Sinan Al-Shabibi exchange rates and how to stabilize the national currency in order to revive the country’s economic situation.
http://www.ikhnews.com/news.php?action=view&id=41637
Question: Is there nothing to suggest a link between Iraq’s central and executive power in the constitution?
Answer: The Constitution confirms that the CBI is responsible to the House of Representatives in the implementation of its monetary policy, and the close relationship between the CBI and the House of Representatives are in favor of the executive branch that need economic stability, who works for it’s central. And economic stability is the stability of the currency and prices and inflation, and on this occasion to talk about the need to develop a strategy for the management of fiscal and monetary policies as it provides the opportunity to promote the economic performance better without restrictions shackle workers in these vital sectors and prevent their movement.
A market-driven monetary policy has reduced the Iraqi dinar's vulnerability to political upheaval and is keeping the exchange rate stable, Central Bank Governor Sinan al-Shabibi said.
http://www.iraqdirectory.com/files/articles/article614.htm
Breitling also says that we know the exchange rate of 1166 to the dollar is bogus because their money supply figures are growing but the rate doesn't change. Well that might be true except for the way Iraq arrives at their valuation. They're backing the dinar with their foreign currency reserves which are currently a little over $60 billion (recent reports have it up around $67 billion so I'm expecting that to be reflected soon in their M2 figures, which will probably be reported between 75 and 78 trillion by the end of the year) and they're backing all of it which includes the electronic currency as well as the cash. That's why you have to go by the M2 figures rather than the M1 which is only cash. The current M2 is a little over 70 trillion dinar. If you divide $60 billion by 70 trillion you get a figure of about $.000857. Sound familiar? That's the current value of the dinar. Now, why doesn't that change as their money supply increases? Because their foreign currency reserves are also growing. In fact, that's the very reason their money supply is growing. It's how they reflect the growth in those reserves and their economy. Here's how it works. (FCR = Foreign Currency Reserves)
$40 billion (FCR) x 1170 = 46.8 trillion dinar
$45 billion (FCR) x 1170 = 52.6 trillion dinar
$50 billion (FCR) x 1170 = 58.5 trillion dinar
$55 billion (FCR) x 1166 = 64.1 trillion dinar
$60 billion (FCR) x 1166 = 69.9 trillion dinar
These are all approximations of course. Money is constantly going in and out but this is pretty much what they're doing. As their foreign currency reserves grow they increase the money supply to the extent necessary to maintain equilibrium resulting in a stable exchange rate. They could leave the money supply as it is and just increase the value instead, but Shabibi wants stability in the exchange rate.
In the March 2011 IMF Country Report we read:
"The central bank followed a policy of exchange rate stability which has translated in a de facto peg of the exchange rate since early 2004. However, from November 2006 until end 2008, the CBI allowed the exchange rate to gradually appreciate. As a result, the exchange rate arrangement of Iraq was reclassified to the category of crawling peg effective November 1, 2006. Since the start of 2009, the CBI returned to its earlier policy of maintaining a stable dinar. Consequently, the exchange rate arrangement of Iraq was reclassified effective January 1 2009 as a stabilized arrangement."
You see the value increased from 2006 to 2009 because the CBI abandoned temporarily its policy of exchange rate stability. As I have pointed out more than once they did this in order to get inflation under control. Then they returned to their policy of stability. Since then the dinar has only increased in value a third of 1% to correct another spike in inflation in January 2012.
Type the keywords "Shabibi" and "stability" in Google and do a quick study. You'll see time and again Shabibi has talked about maintaining stability in prices, in the exchange rate, and in the economy. He has only increased the official value of the dinar when he was forced to by inflation. And once he got the results he was after he locked it down.
For the head of a nation's central bank stability is the holy grail. There are so many competing forces and agendas that he has to address that it's almost impossible to attain. Think of it as a guy plugging holes in a dam. No leaks means stability. If Shabibi can go home at the end of the day with the same exchange rate, the same interest rates, and the same inflation rate as he had at the start of the day he can prop his feet up, drink a beer, watch TV and relax because he's pretty much done his job.
Given that stability was and still is the policy, and given the numerous references that Shabibi has made about stability, and given the history of restraint utilized by Shabibi one has to wonder why all of us gullible shmucks ever felt that there was any intention of anybody at the CBI to revalue the IQD?"
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You are not going to sell all of it, I'm sure!!!!
When they release a new currency code i'll dump the rest.
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"I am beginning to see where despite the political bickering, important issues are being addressed and laws pasted. I believe we will see the RV, like a thief in the night. Wham Bam - done."
Naplesnurse
"Six more days and we shall see the exit of chap vii. I could imagine the number of high level officials visiting iraq has increased 10 fold. All is good and say hello to my second family!Cheers pders"
Ocrush
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And a math major too...where does your expertise end?!?! You bring so much to the table, I just love reading your copy and pastes!
I'm here to piss off Stevei. Lol
As far as what I bring to the table...they're going to RD. What more can I say?
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Seetrader--- you still here and hold little to no dinar!! Now that is funny! I needed a good chuckle tonight.
1 million ain't nuttin to sneeze at... especially after it RV's to Stevei's $3.45. ;)/>
72 Trillion(M2) x $3.45 = well over $200 Trillion.
OOPS, Never mind.
That sure da hell ain't happening.
:lol:/> :lol:/> :lol:/>
Take Care.
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How much Dinar you got seetrader?
1 million. Sold most.
You?
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Hi Easy! I see you down there.
How are Frank and Delta?
Does Frank still sing hymns to his flock of zombies?
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i cant believe people actually believe this garage LOL :)/>
Tell me about it!
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Checkout this bullchit...
Sheeples Dinar Member Fatherofmonsters just posted this...
"The US government is a HUGE holder of IQD at the moment. Bill and Hillarious Clinton are also linked to the issue of "holding" a few IQD's of their own....I can assure you that Hillarious wasn't taking the trips to Iraq, etc to go shopping! Lets get this done!!!! COME ON RV!!!!!!!!! "
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Someone posted this article...
"Central Bank: Governor authorization to reduce the exchange rate for the Iraqi dinar value
11/12/2012 03: 18
The CBI revealed the Governor authorization to reduce the exchange rate to strengthen the value of the Iraqi dinar.
A source at the Central Bank in a statement said singling out the Iraqi channel that authorization comes in the framework of the decisions taken by the Bank in connection with monetary policy and the stability of the market and encouraging Iraqi banks to open documentary credits and increasing the share of banking and remittance companies applied for help at an auction sale of currency."
http://www.microsoft...2Fview.17236%2F
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Brighterdays says..
"Whoop whoop!
RV NOW!"
Bedlamite24 says...
"This put a smile on my face just when I needed it. Good
times ahead."
Moderator Naplesnurse says...
"Let the good times roll!
RV Now! "
Seetrader says...
Wake the hell up.
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Sheeples Dinar top moderator Naplesnurse belts out a little excitement earlier today...
"I am so looking forward to this RV!!!
It is about to happen!!!
Hallelujah! Praise God!"
"I have released the floodgates of JOY! I will not allow myself to continue to be "jaded" any longer! I have to continue to believe with strength and conviction!
Faith is expectation in action!! "
"And I just received this rumor a little while ago too !
IRAQIA TV IS ANNOUNCING THAT THE CBI WAS JUST GIVEN THE AUTHORITY TO RAISE THE VALUE OF THE DINAR. I DID NOT HEAR THIS. JUST PASSED TO ME FROM AN IRAQI CITIZEN. "
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:woot:/>/>/> :woot:/>/>/> :woot:/>/>/> :soon:/>/>/>
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Tonyc says....
"So here is where we are now. We have been told the new Iraqi budget contains the new revalled currency. Kuwait and the UN are negociating with Iraq to remove Chapter VII. The zeros have been lifted. We are weeks away from 2013. JMO and I have no info but based on these happenings I beleive we are very very close to the end of this very long ride. Now dont forget this is Iraq and this is world wide political event. So will the reval happen before January 1, 2013? Dont know. Shortly after Dont know. Will we make money on it , get our money back, lose our money, or have this go on for a longer period of time dont know. LOL Just covering myself. Yes Im very excited, and also smart enough to know that I really dont know. Bottom line all this is very encouraging because they are moving in the right direction and making progress. It appears all the ducks are lined up. I beleive once Chapter VII is complete and the ministers seated this will happen. We should know more over the next couple of weeks as I would think many of our questions should be answered before 2013." DON'T BELIEVE EVERYTHING YOU'RE TOLD TONY!
CBS71 responds...
"I concur Tony! Once they are released out of Chapter 7, the flood gates should open up. Next week could be the key week."
:lol:/> :lol:/> :lol:/> :lol:/> :lol:/>
Tony and CBS will be on suicide watch by the end of the month. :lol:/>
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Sheeples Dinar member dinarmite says....
"in OC's original post on page one, at the beginning it states it HAS passed and gone through the house and Council of Ministers.
that the project to delete the zeros law HAS passed in late Nov. The reason we don't see it was attached to a law under the ministry of education. It PASSED the councel of ministers and was sent to the house of rep which PASSED.
And then at the bottom of the article it says WILL pass....
The ministry of planning is also moving ahead nicely they just need to satisfy the un delegation and world bank that the laws WILL be passed
That word WILL is screwing me up. Am I misreading this?! Has it indeed passed?!
I want to get excited like everyone else!!"
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Be careful what you wish for. :P/>
ANOTHER OF STEVE'S IGNORANT FLOCK.....
"Well Zeros dropped,2013 budget has been adjusted for reval and Kuwait meeting with Iraq to rid them of Chapter VII and encouragement from UN to drop Chapter VII. I think there is alot we dont know yet but I dont think yet is far away. JMO PD folks. Im a little excited. IF they can keep dropping the zeros quiet can the keep the reval quiet????"
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I'm stunned by the ignorance.
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Anyway... Did those poor souls ever make it back from Las Vegas in the end?
I must have missed that one. I sure hope so.
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whatever
I hear you. Lol
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FROM OCRUSH:
I want to share with everyone some great news! I found out from my cousin who works for ABB (LONDON BASED) that the project to delete the zeros law has passed in late Nov. The reason we don't see it was attached to a law under the ministry of education. It passed the councel of ministers and was sent to the house of rep which passed. Now the framework of this bill is attached with the UN and is managed under the ministry of finance. In a few days we should see an article(hopefully) a joint venture with the UN and ministry of education on there education system of iraq to progress there school for all to students of iraq to be educated. This will be paid and approved by the ministry of finance. For this project to be successful my cousin said they need to reform there monetary policies. You will also see articles (hopefully) where the UN, world bank and cbi hold meetings. They might cover these meetings or say for other reasons but don't be fooled. The ministry of planning is also moving ahead nicely they just need to satisfy the UN delegation and world bank that the laws will be passed. You know me I like facts but my cousin is very conservative and he wont say something that is not true. He is extremely busy and flies to iraq twice a month. All is well, say hello to my second family and I will update. Lets not forget the 17th is only a week away!!!
Cheers Pders:)
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Sheeples Dinar Moderator NaplesNurse just posted this about Ray...
" Ray IS right. His info ALWAYS proves to be true. No matter how strange it has sounded."
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SHE MUST HAVE FORGOTTEN ABOUT THIS....
"Just wanted to pass a little info to you about Iraq. Was talking to some of my contacts today about what was going on over there and was able to come up with the following.
They said the people over there are still looking at Sept. 1 as an RV date. They haven’t been told anything different yet.
Also, they did see on the news and in some papers that the government plans on releasing the new coins on September 1 too. As one of my contacts told me, if they don’t RV, the coins will be basically worthless and the people there will not use them.
He said they will actually start throwing the coins in the streets. I talked to one guy about the rate being close to the KWD rate. He felt it would be close also because of the oil revenue sharing and the Port revenue sharing.
I also feel the same way. It would be hard to share revenue sources and have different currency rates. That would be an accounting nightmare. They are watching things very closely and promised to let me know right away of any new developments. Hopefully this ride is about over. Take care.
Blessings,
Ray"
AND THIS.....
"Good morning everyone. Since Steve is still in the middle of the ocean, I am making this post today. I know a lot of you were disappointed when September 1 came and went with no RV. I was too. I was able to get in touch with some of my contacts today and have the following information for you.
Shabibi had a press conference and explained to all the people what happened. When the banks went to open the boxes to get the new dinar out and get ready to start exchanging for the old dinar, they discovered a printing error. The printer used the wrong art work and printed the currency without the kurdish language on the currency. The kurdish government came unglued when this was discovered. It only had english and arabic on it and not the kurdish language too. Shabibi tried to convince the kurds to go ahead with this currency anyhow due to the cost of printing it and the cost of all the advertising that had been done already. They refused. Shabibi is now having a printing company in Germany and one in London reprint all the currency with the kurdish language on it too. All the banks in Iraq that have the misprinted dinar are in the process of destroying it now. Shabibi is meeting with Maliki, the finance committee of Parliament and Parliament early next week to discuss the RV. He told the media that an announcement will be made on TV September 15, giving the new date of the RV. He will then be leaving for the big financial conference in London on September 18 & 19. Also, after that meeting, Saleh will be meeting with the IMF in London and giving them the new RV rate.
Also, I was able to get an update on Talabani. He was scheduled to meet with Maliki in Baghdad on September 2. His health got bad and he flew back to Germany and is in the hospital again. He said he is going to try and come back to Iraq either September 10th or the 11th and meet with Maliki then and set a time for the National Conference. His doctors are warning against it. We will have to wait and see. I don't believe this will affect the RV either way.
I hope this encourages everyone to hold on a little longer. Shabibi is still working on this and it will be done. We will know for sure on September 15. My contacts will be watching for this announcement and will let me know right away. Until then, stay calm and know that God is in control.
Blessings,
Ray"
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:shakehead: Thanks for the entertainment idiots.
I thought you were going to fly to Iraq with DonnieR in your Cessna to get updates?
I just spit beer all over my keyboard.
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Sheeples dinar mod Naplesnurse STILL insists that the "TIER 1" dinar investors have already cashed out...I know several people that were banned for questioning her about that. ...Frothbucket was one person that comes to mind. She has got to be one of the most gullible and ignorant people in dinarland...and a fricken liar. What a hoot.
:lol:/>
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More Dinar Guru Arrests are coming....Stay tuned.
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Hey Stevei... I don't have to copy your stupid "encrypted" updates...
There is a website I use that allows me to convert that image to text. It takes seconds.
Nice try.
PS. Iraq is going to LOP those 1 billion dinar you claim to hold. Sorry!
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More sheeple respond...
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"Thanks Steve,
Keeping it real.
Freedom from falsehood"
"Great stuff Steve!! Thanks so much!! Really appreciate you and that you provide us with this site! It helps so much to keep us well informed!!"
"PD = no rate, no date, no lop zone, no hype, no pumping"
"Sounds good to me, thanks Steve. I will get excited on the 17th and if they get out Katy bar the door!!!!"
"Greetings Steve. I always look forward to your posts and updates as you give
a fresh and positive opinion with FACTS!!!!!!!!!!!!
I am just like everyone on this site looking forward to that day of finacial freedom
and the ability to give back to those in need.
Merry Christmas to you, your family, Ray and all mods as we are blessed to be in the USA."
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Sad.
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DESERT DOG RAY UPDATE 12/14/12
in LOPster tank
Posted
Here is Ray adding more info to Stevei's update.....
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"I would also like to add a little more info. I don't have possible links yet but am trying to get some. My contacts are reading in various newspapers in Baghdad that they are saying that if Chapter 7 is lifted, the Iraqi government will RV the currency. This is being written in many newspapers. I'm asking my contacts for some names and they are going to get me some. The people are very anxious about this happening and feel that this is the month or the very first of the year. I agree 100% with Steve that the rate will be very close to the KWD. Shabibi came out in public over two years ago and stated that it would be around 3.22. Many printed articles since then are saying the same thing. The oil agreements with Kuwait and the port agreement involving revenue sharing are signs that the two currencies would have to be close to each other. Iraq has been stating time and time again that their currency would be the stronges in the region. .86 or 1.16 won't get them there. The new budget was calculated using the new dinar and is suppose to take effect January 1. I feel taking Iraq out of Chapter 7 and putting them in Chapter 6 would be an excellent move by the UN and still allow Iraq to RV and get their country on a successful road.
Merry Christmas
Ray"
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